The insurer’s shares have taken a battering, but they’re currently too cheap, says Phil Oakley.
It’s been a rough couple of weeks for insurance company Resolution – soon to be renamed Friends Life. First, George Osborne announced a radical shake-up of pensions, which means that in future people could cash in their retirement savings in one go rather than buying an annuity.
Then there were rumours that the Financial Conduct Authority (FCA) was going to look into whether insurance companies selling products such as endowments, pensions and life insurance had treated their customers fairly on policies going back to [...]
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